Indian Journal of Science and Technology

Abstract

This paper describes a framework, named MeetInventorTM, which aims to promote academic research towards commercializing academic research products. MeetInventorTM enables this process by encouraging researchers to expose their research works and capabilities, request funding, and then use that funding to bring their product closer to the market place. The need for promoting academic research products is essential so that the research work does not end in the academic arena. These potential research innovations need to be exposed to the world to increase the chances of getting funding from interested agencies and companies. While traditional funding sources for academic research are only made available through allocated funds by academic or governmental institutions, this often slows down the process of getting promising innovations into the market. Thus, in this paper, the proposed framework is intended to bridge the gap between ideas and reality in academic research. There are four main phases in the framework, i.e., repository, educating, facilitating and marketing. The use of these phases for elevating academic innovation products could improve the likelihood of commercial success.
Keywords: Academic Research, Commercialization, Innovation